Business environment in Koknese
ABOUT LATVIA #Top 5 wage adjusted labour productivity in manufacturing within the EU28* #22nd in the World and 9th in the EU28 in the ease of doing business** Territory Capital Population Language Currency 64 589 sq.km Riga 1.98 million Latvian euro (EUR) Source: Eurostat, 2015 http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tin00153&plugin=1 ** Source:the World Bank Group, 2015, http://www.doingbusiness.org/rankings
ACCESSIBILITY 21 airlines operate 89 direct flights to/from Riga in Summer season and 69 Flights in Winter season. Air Baltic The Most Punctual Airline in the World
KOKNESE: ACCESSIBILITY
FACTS ABOUT KOKNESE COUNTY Population: 5 753 (2015) Area: 361,6 sq. km Languages: Latvian, Russian, English and German The number of enterprises: 415 Population of working age: 3807 4% 4% Forests Agricultural land Natural resources: sand loam peat dolomite sapropel 41% 51% Wetlands Waters
THE MAIN BUSINESS SECTORS Industrial production Production of construction materials Agriculture Wood processing Tourism services Freight transport Trade
THE MOST PROMISING SECTORS Industrial production Freight transport Processing of agricultural products Food processing Tourism services - ecological and rural tourism, recreation Beekeeping
LARGEST COMPANIES (BY TOURNOVER, 2014) Pakavs Ltd. Trade 37 empl. Pallogs Ltd. Wood processing 160 empl. Kūdras enerģija Ltd. Peat mining and processing 43 empl. Eidz transports Ltd. Freight transport 43 empl. Baumit-Baltikum Ltd. Production of construction materials 37 empl. SINDA &VR Ltd. Logging, wood processing 37 empl.
«BAUMIT-BALTIKUM» LTD The Baumit brand is recognised as a leader in building materials in 28 countries throughout Europe Baumit offers a range of specially formulated render, plaster and thermal insulating systems to suit all construction substrates. In Koknese is the first Baumit factory in Northeast, it was built in 2009.
COUNTRIES THAT INVEST IN KOKNESE Austria 9% The Kingdom of Morocco 3% Lithuania 9% Iceland 6% Belarus 2% Denmark 38% Estonia 33%
AVAILABLE INDUSTRIAL TERRITORY Total area ~20 ha (1,5-2,5 km from centre of Koknese) Price 2,5-4 EUR/m; Road infrastructure: E22 highway Riga- Moscow A6 Riga-Belarus border Optical cable Distance to: main road: ~1km railway station: 2,5 km to public utilities (electricity, water, gas): 100 m more information about objects : www.liaa.gov.lv/real-estate-database
WHY KOKNESE? Access to markets Effective transport chains (E22 highway Riga-Moscow; Railway Riga-Moscow; A6 Riga-Belarus border) Excellent geographical location (1 h from Riga) Rich cultural heritage (Hanseatic city since the 14 th century) Available educated, highly qualified, motivated and flexible workforce that manages multiple languages.
Employee receives SALARY STUCTURE AND TAXES Minimum stipulated salary by the State is EUR 360 gross 445 EUR Employer's part of social security contribution Social security contribution Personal income tax 23.59% 360 EUR 10.5% 10.5% 23% 23% 265 EUR* after taxes 190 EUR 190 EUR 190 EUR nontaxable amount 75 EUR 75 EUR 75 EUR Cost to employer Gross salary Employee receives *Calculation of an employee s net salary is based on the general algorithm, the actual formula is more complicated, also taking into account a number of tax discounts, e.g. for dependants.
15% 10.5% 23% 23,59% 21% TAX SYSTEM Corporate income tax Personal income tax Employers social tax Employee social tax VAT
LIVING IN KOKNESE: CULTURE
LIVING IN KOKNESE: NATURE
Koknese Sport Centre LIVING IN KOKNESE: SPORT
LIVING IN KOKNESE: EDUCATION Number of pupil 1086 Vecbebri Vocational and Comprehensive Boarding Secondary School Pērses primary schooll I.Gaiša Kokneses secondary school Music school
For companies who want to start their own business or already working in Koknese district we offer: Assist in finding suitable premises To help search employees To informe about potential partners in district Support in the field of marketing Help arrange the issues with local authorities Regular circulation of information on the latest developments in the field of business in district Financial supportbusiness ideas competition
Council of the Koknese municipality Melioratoru Str. 1, Koknese district, Koknese county, Latvia, LV-5113 +371 65133630; +371 65133636; +371 26435216 dome@koknese.lv www.koknese.lv